United Cacao Limited SEZC Director Appointment and Board Changes (3854L)
30 September 2016 - 11:30PM
UK Regulatory
TIDMCHOC TIDMUCL
RNS Number : 3854L
United Cacao Limited SEZC
30 September 2016
30 September 2016
United Cacao Limited SEZC
("United Cacao" or the "Company")
Director Appointment and Board Changes
United Cacao Limited SEZC (AIM: CHOC), the AIM-quoted cacao
plantation company based in Peru, is pleased to announce that,
further to the Company's announcement of 16 September 2016, Nicolas
Van Broekhoven has joined the board as an independent non-executive
director.
Nicolas Van Broekhoven is a Managing Director of Value Square
Singapore. Value Square is a global asset manager with offices in
Belgium and Singapore and assets under management of approximately
US$455 million. Nicolas joined the company in 2008. Prior to Value
Square, Nicolas worked for Petercam W&P (Belgium) and
I-Methods/Foyer Patrimonium (Luxembourg), having been
professionally engaged as an analyst and fund manager since 2003.
Nicolas has appeared regularly in financial media publications such
as De Tijd, De Standaard, The Wall Street Transcript, Edge
Singapore and writes a bi-monthly column for the US magazine Better
Investing. Nicolas holds a BSc in Finance from Bentley University
(Boston, USA).
Further Board Changes
As the Company has transitioned to revenue producing, the Board
and key stake-holders have agreed to enhance the Company's
corporate governance. In line with this development, Dennis Melka
will be stepping down from the board of directors of the Company to
assume the position of Group Managing Director. Mr. Melka's
day-to-day responsibilities and existing employment contract within
the Company will remain unchanged.
In addition, the board is currently finalising the appointment
of a further non-executive director for which a further
announcement will be made in due course.
Constantine Gonticas, Chairman, commented:
"Nicolas further strengthens the board as we transition to a
revenue producing estate. His experience in investing in the
plantation sector globally will provide the Board with valuable
insights and guidance in the coming years."
Nicolas Van Broekhoven commented:
"I am excited to join the United Cacao board. I look forward to
working with the other board members to position the Company as a
leading specialty food ingredient producer. The Company is
well-positioned to benefit from continued structural deficits in
cacao production, consumers' clear preference for chocolate that is
made from child labour-free cacao and the premium markets' shift to
fine flavour cacao. "
The following information is disclosed pursuant to schedule 2
(g) of the AIM Rules
Mr Van Broekhoven, aged 36, is or has been a director of the
following companies during the previous five years:
Current Directorships Previous Directorships
Value Square Singapore Value Square NV
Private Limited
Nicolas currently holds 40,000 ordinary shares of US$0.001 in
the Company representing approximately 0.21 per cent. of the
Company's issued share capital.
For more information, please visit www.unitedcacao.com or
contact:
+1 345 815
United Cacao Limited SEZC 2710
Dennis Melka
Anthony Kozuch
Strand Hanson (Financial & Nominated +44 (0) 20
Adviser) 7409 3494
James Harris / James Spinney
/ Ritchie Balmer
+44 (0) 20
Beaufort Securities (Joint Broker) 7382 8300
Jon Belliss / Elliot Hance
Kallpa Securities SAB (Joint
Broker) +51 1 630 7500
Ricardo Carrion
+44 (0) 20
Tavistock (PR Adviser) 7920 3150
Simon Hudson/Jos Simson
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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